Gartner’s latest report claims that there is a whopping 20 percent decline in global mobile phone sales. The first quarter of 2020 has already been very depressing for the Smartphone market, and the latest report shows that Covid-19 has impacted smartphone sales massively. As compared to the sales number at the same time last year, there is a record 20.2 percent slide.
Covid-19 Crisis Bring Mobile Phone Sales Down by 20 Percent Globally
The largest mobile phone manufacturers saw declines in the number in the quarter except for Xiaomi, for which the figures were still better at 1.4 percent. The international sales of Xioami were better; thus, the Chinese phone maker saw some positive results.
Top Smartphone Manufacturers Incurred Loss
However, for other manufacturers like Samsung, Oppo, Huawei, the decline was 22.7 percent, 19.1 percent, and 27.3 percent. Even Apple sales could not surge, and they recorded an 8.2 percent decline in sales. Remaining companies in the market also recorded combines loss of 24.2 percent in Q1 2020.
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
Global Impact on business
The reason for the decline is not hidden from anyone, Covid-19 pandemic has slurred the global economy, wherein millions of people have lost their jobs thus refraining people from shelling out extra money on luxury products like mobile phones Moreover, there was a comprehensive shelter in place orders due to which businesses were shut down, and people were not moving out to make any purchases.
Supply chains affected
The global supply chain was devastatingly affected due to closures in Asia where the pandemic began. Most of the equipment for the high-end mobile phones are manufactured in Asian countries like China, etc., due to epidemic, the factories were closed down, impacting the entire manufacturing and assembly cycles.
Apple Sales Affected Badly
Apple still maintained momentum
“Apple’s ability to serve clients via its online stores and its production returning to near normal levels at the end of March helped recover some of the early positive momentum.”